HOUSTON, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Nine Energy Service, Inc. (NYSE:Nine) announced today that it has launched an initial public offering of its common stock pursuant to a registration statement on Form S-1 filed previously with the Securities and Exchange Commission. The offering consists of 7,000,000 shares of common stock being offered by Nine. In addition, Nine intends to grant the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The current expected initial offering price is between $20.00 and $23.00 per share. The shares have been authorized for listing on the New York Stock Exchange under the ticker symbol “NINE,” subject to official notice of issuance.
J.P. Morgan, Goldman Sachs & Co. LLC and Wells Fargo Securities are acting as joint book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch and Credit Suisse are also acting as joint book-running managers for the offering. The offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933.
About Nine Energy Service, Inc.
Nine Energy Service, Inc. is a leading North American onshore completion and production services provider that targets unconventional oil and gas resource development. Nine partners with exploration and production customers across all major onshore basins in both the U.S. and Canada to design and deploy downhole solutions and technology to prepare horizontal, multistage wells for production. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada.